Morgan Stanley analysts led by Adam Parker raised its 12 month price target on the S&P 500 to 2,300 from 2,200, bull case to 2,500 from 2,400, and bear case to 1,800 from 1,600.

11/01/16

11/01/16NO CHANGE

S&P 500 breaks support at 2100

The index was last at 2098.91, down over 1.2% on the day. At current price next support is at 2091.75. Resistance is at the 2110 area. A prior note had an incorrect support level of 1991.68, which this note corrects.

03/08/17

03/08/17NO CHANGE

David Tepper says stock market on multiple basis 'kind of full'

Appaloosa Management's David Tepper is speaking in CNBC.

04/10/17

MSCO

04/10/17NO CHANGEMSCO

Morgan Stanley sets S&P 500 'base case' price target of 2,700

Morgan Stanley U.S. Equity Strategist Michael Wilson set a 12-month "base case" price target of 2,700 for the S&P 500, stating that market technicals are in "very good shape" and institutional and retail data suggest U.S. equity positioning is not extreme. A cyclical upturn began a year ago as the global business cycle bottomed in Q1 of 2016 and President Trump's election then "turbocharged" that cycle, said Wilson.

Jefferies analyst Randal Konik upgraded Planet Fitness (PLNT) to Buy from Hold and raised his price target for the shares to $75 from $49. The stock closed yesterday at $58.25. Planet Fitness is a platform for consumer aggregation "with tenets that resemble Amazon's successful model," Konik tells investors in a research note. Amazon.com's (AMZN) growth benefits from the shift to online consumption while Planet Fitness benefits from a growing wellness trend, contends the analyst. He calls Planet Fitness a platform, not a gym, and recommends looking at the company "through an Amazon prism." Planet Fitness' "attractive" pricing architecture, "large and growing" unit presence, advertising flywheel, expanding affinity network, and enhanced digital strategies "reduce frictional points with consumers, drive engagement, and widen the company's moat," Konik argues. He believes the company's valuation is justified with other platforms such as Amazon and Netflix (NFLX).